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1429 S Main St 4,000 SF 100% Leased Office Building Fall River, MA 02724 $1,039,648 CAD ($259.91 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Recent Capital Improvements: New roof installation and comprehensive renovation of one apartment unit, reducing near-term capital expenditure
- Supplemental Billboard Income: Additional revenue stream generated from on-site billboard, enhancing overall cash flow and return profile.
- Business-Local (B-L) Zoning: Favorable zoning designation allowing for a range of commercial uses, providing operational flexibility
- Two 2-Bedroom Residential Units: Well-configured apartment layouts providing stable rental income potential and diversified tenant demand.
- Multiple Income Streams: Combination of residential tenancy and ancillary billboard revenue supports diversified and resilient income generation.
- High-Traffic Location (±14,800 VPD): Strong daily traffic counts along Route 138 (South Main Street), supporting visibility and tenant exposure.
Executive Summary
Broker of Record
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
3% available CO BROKE COMMISSION
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
3% available CO BROKE COMMISSION
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1915/2023
Price
$1,039,648 CAD
Price Per SF
$259.91 CAD
Cap Rate
7.50%
NOI
$77,974 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
1.53
Lot Size
0.06 AC
Zoning
B-L
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | FALL-000026G-000000-000056 | Improvements Assessment | $183,507 CAD |
| Land Assessment | $193,029 CAD | Total Assessment | $376,537 CAD |
Property Taxes
Parcel Number
FALL-000026G-000000-000056
Land Assessment
$193,029 CAD
Improvements Assessment
$183,507 CAD
Total Assessment
$376,537 CAD
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1429 S Main St
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